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why is the procedure for valuing a bond with an embedded option called backward induction? Why is the Value producded by a binomail model and
- why is the procedure for valuing a bond with an embedded option called "backward induction?
- Why is the Value producded by a binomail model and any similar models referred to as an arbitrage-free value?
- In explaining the option-adjusted spread to a client, a manager stated the following: the option-adjusted spread mesaures the yield spread using the Tresury on the run yield curve as benchmark intrest rate. Comment on this statement
- What type of information can credit analyst from an analysis of the statment of cash flow?
- What is the underlying principle in assessing the creditworthiness of municipal revenue bonds?
- Why do rating agencies assign both a local currency debt rating and a foreign currency dent rating to the bonds of a sovereign government?
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